India and Singapore have signed a wide-ranging trade and investment agreement which visiting Singapore Prime Minister Lee Hsien Loong said would further broaden relations.
He said the accord will open opportunities for both sides for greater trade and allow freer movement of people. Indian Finance Minister P-Chidambaram told Mr. Lee the trade pact was a "milestone" which would increase Singapore's investments in India's fast-growing economy.
The signing ceremony in New Delhi capped a hectic agenda for Mr. Lee on the first day of a three-day visit which included talks with Prime Minister Manmohan Singh, President Abdul Kalam and others.
Earlier Prime Minister Singh described Singapore as India's gateway to Southeast and East Asia and said the trade pact will widen and deepen relations between India and Singapore.